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Updated about 6 years ago on . Most recent reply

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15
Posts
1
Votes
Phil Salazar
  • Rental Property Investor
  • Conroe, TX
1
Votes |
15
Posts

Docs used in a Subject To deal in Texas

Phil Salazar
  • Rental Property Investor
  • Conroe, TX
Posted

Just relocated from WA state to Tx.  Can someone share what docs are used in a Subject To deal here in TX please?  

In WA, typically: Purchase and Sale declaring that Buyer is purchasing with underlying loan(s) intact.

Sellers Disclosures, Buyers Disclosures., Disclosure to Seller that there is a Due on sale clause and buyer will not be held liable.  Limited Power of Attorney, Authorization to release.   

I typically have the seller sign the Deed over to an entity such as an LLC or Land Trust. I usually have an Atttorney write up the agreement and sign at his / her office.

Anyone want to weigh in on this?  Thanks

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